Copper Squeeze Deepens In London As Futs Near Record; Barclays Flags Top Mining Picks

Copper Squeeze Deepens In London As Futs Near Record; Barclays Flags Top Mining Picks Copper prices in London have held above $14,000 a ton for nine consecutive sessions, with steep backwardation signaling that near-term demand is outstripping available supply. A confluence of bullish drivers is pushing prices toward record highs, while the key cash-to-three-month spread has widened to its highest level since the 2021 market squeeze. The spot price traded as much as $543.50 a t...

By Tyler Durden